New Issue: HSBC prices $535,000 autocallable yield notes linked to Tesla

By Kiku Steinfeld

Chicago, July 18 – HSBC USA Inc. priced $535,000 of 16.3% autocallable yield notes due Dec. 30, 2022 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the shares close at or above the initial price on any monthly review date after three months, the notes will be called at par plus the coupon.

If the notes are not redeemed early, the payout will be par unless the stock finishes below its initial level and ever closes below 60% of its initial level, in which case investors will lose 1% for every 1% that the stock declines.

HSBC Securities (USA) Inc.is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying stock:	Tesla, Inc.
Amount:	$535,000
Maturity:	Dec. 30, 2022
Coupon:	16.3%, payable monthly
Price:	Par
Payout at maturity:	Par unless the stock finishes below its initial price and ever closes below trigger price, in which case investors will lose 1% for every 1% that the stock declines
Call:	Automatically at par plus coupon if shares close at or above initial price on any monthly review date after three months
Initial share price:	$1,008.87
Trigger price:	$605.322, 60% of initial price
Pricing date:	Dec. 27, 2021
Settlement date:	Dec. 30, 2021
Agent:	HSBC Securities (USA) Inc.
Fees:	3%
Cusip:	40439JVX0

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.